Skip to main contentSkip to navigation
1 / 60
Images
Map
Street

Residential Land with Home for Sale in Lebanon, Tennessee

205 Gwynn Rd, Lebanon, TN 37090

$740,000
7.47 acres
Active
$9k drop
Est $3,841/mo

NEW PICTURES - Rare Opportunity at Fall Creek Airpark (TN96)

For the true aviation enthusiast, this is your chance to own in one of Middle Tennessee's most exclusive aviation communities. Fall Creek Airpark is a 19-owner private community featuring a 2,700' x 80' grass runway with lighting, just outside Nashville's Class C airspace and minutes from Lebanon, Mt. Juliet, Murfreesboro, and Smyrna. Nothing else like it exists this close to Nashville.

The property offers a 40' x 50' hangar with a 12' tall sliding door, a 3-car garage, and a home of just over 2,500 sqft on 7.5 acres. The house features 1 bedroom and 2 baths with open living, fireplace, and upper and lower decks. While it is in good condition, it is dated compared to many of the updated homes in Fall Creek that now command $1.3M-$1.8M. That makes this a rare entry point into the community, with significant equity potential for remodeling or even building new.

Ownership here means you are part of the corporation that owns the airpark, not a typical HOA, giving you more flexibility to build, add a shop, or expand while enjoying runway access and community amenities.

This is a unique opportunity to get into Fall Creek at a fraction of the price of neighboring properties and create your ideal airpark retreat.

2,544
Sq feet
1
Bed
2
Full baths
1990
Built

Location

Street address
205 Gwynn Rd
Community
Fall Creek Airpark
Elevation
662 feet
Coordinates
36.0403, -86.3641

Directions

From I-40- exit 238 (hwy 231) south. Travel approx 11 miles. Turn right on Fall creek rd. Turn right onto gwynn road. 205 is on your right. Shared drive. Hangar 4 is on your left

Property details

Acreage
7.47 acres
MLS #
REALTRACS 2819072
Posted

Property taxes

Recent
$1,735

Expenses

Home Owner Assessments Fee
$850 annually

Parcels

  • 142 04605 000

Details and features

Listing

Type
Residential
Subtype
Single Family Residence
Financing
Conventional, FHA, VA
Possession
Negotiable

Community

Amenities
Underground Utilities
Fee Includes
Maintenance Grounds

Lot

Terrain
Private, Wooded
Features
Private, Wooded

Exterior

Parking Spaces
3
Parking
Detached
Fencing
Chain Link
Outdoor Spaces
Covered, Deck, Patio, Screened
Structures
Barn(s), Storage
Features
Balcony

Structure

Style
Barndominium
Stories
2
Basement
Crawl Space
Water
Public
Sewer
Septic Tank
Heating
Central, Dual, Electric
Cooling
Ceiling Fan(s), Central Air
Materials
Aluminum Siding
Roof
Aluminum

Interior

Rooms
Bedroom, Den, Dining Room, Hobby Room, Kitchen, Living Room, Master Bathroom, Recreation Room
Flooring
Carpet, Tile, Wood
Fireplace Count
1
Appliances
Dishwasher, Disposal, Electric Oven, Gas Range, Microwave, Trash Compactor
Laundry
Electric Dryer Hookup, Washer Hookup
Security
Smoke Detector(s)
Equipment
Satellite Dish
Features
Bookcases, Built-In Features, Ceiling Fan(s), High Speed Internet, Kitchen Island, Pantry

Property utilities

CategoryTypeStatusDescription
PowerGridAvailable
WaterPublicAvailable
SewageSeptic SystemConnected

Nearby schools

NameLevelDistrictDescription
Southside ElementaryElementary
Southside ElementaryMiddle
Wilson Central High SchoolHigh

Listing history

DateEventPriceChangeSource
Sept 17, 2025Price drop$740,000$9,000 -1.2%REALTRACS
Aug 30, 2025Price drop$749,000$10,000 -1.3%REALTRACS
Aug 2, 2025New listing$759,000REALTRACS
Subscribe to listing updates

Payment calculator

This 7.47-acre property is located at 205 Gwynn Rd in Lebanon, TN 37090. The property is available for sale for $740,000. It has a 2,544 sq ft 1 bedroom, 2 bath house built in 1990.

Checked 28 mins ago — Updated

Report listing issue
Realtracs

Based on information submitted to the MLS GRID as of Dec 10, 2025 5:00 am MT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. View more

Contact agent Message rules
By submitting, I agree to the terms of use and to be contacted by real estate professionals. Message and data rates may apply.
Contact